Lucas Hammer
Interest question if paid after the 1st
5 October 2016 | 5 replies
I'd like to collect rent on the 1st and then pay the mortgage on the 7th to prevent the lag of pulling money out of my property account just to put it back in within a day or two, but I want to make sure that my interest won't go up in the 6 additional days if I pay it on the 7th.Can someone let me know if that makes sense or if I'm misunderstanding how mortgage interest is calculated?
Derrick Barker
Real Estate Newbie Looking to Build Duplexes on Undeveloped Land
14 October 2016 | 7 replies
I purchased the land with the intentions of building additional duplexes in the future.
John McAuley
SD IRA or Solo 401k - Can either loan to self?
3 October 2016 | 6 replies
So I suppose then the best way to do this is to just keep the asset in a Solo 401k and get my portfolio lender to agree to a non-recourse loan, keeping the asset and profits in the retirement account without incurring additional tax burden.
Account Closed
Can you something like a 1031, but to purchase notes?
30 September 2016 | 3 replies
I have a solid rental portfolio of houses here in Austin, but the cashflow is minimal compared to what I can get in multi-family or in the mid west. additionally, I'm looking at purchasing non-performing notes and turning any of the foreclosed properties into rentals.Are there any strategies for selling off the houses, either in bulk or individually, to minimize the tax burden for when I reuse that capital to purchase non-performing notes?
Marc Knapp
Please offer input on a unique lending situation
30 September 2016 | 4 replies
This allows you to buy the house with the first draw, then take out additional draws to finish the repairs.
Donnell Suares
New Investor and Attorney in Brooklyn
30 September 2016 | 12 replies
Properties are generally much cheaper relative to the rent they pull in, than in NY.3) Lower fixed costs - lower real estate taxes for starters relative to your rent roll, etc.4) Lower variable costs - labor is A LOT cheaper here. 5) Less stringent code enforcement.6) Less maintenance - milder weather, and younger average age of homes make for less maintenance. 7) Diversification - low entry price to buy property allows and investor to manage risk by buying properties in different neighborhoods instead of putting more eggs in one basket.In additional to the benefits I listed above the city is growing so fast that homes rent very quickly, often times before the sale of the home.
Jessica Weiler
List of eviction notices
1 October 2016 | 10 replies
Additionally, I do think i may have found a potential source for this data - Rebogateway.
David Garrison
Realistic Strategy??
29 September 2016 | 0 replies
If necessary, I would potentially use any other income sources to speed up, stay on target or address pain points.I'm suggesting a 10 year time frame as a ball park because I will use any additional income to speed this process along.
Chris Dutton
Hello from Boston!
16 October 2016 | 8 replies
Hey everyone, I'm new to the forum and wanted to take a moment to introduce myself.I run a small analytics consulting business in Boston, and develop data science courses for several online education platforms.I'm interested in real estate investing as a means of diversifying my portfolio and providing additional streams of passive income.
Chelsea Garber
New member from Scottsdale Arizona
1 October 2016 | 12 replies
My gf is also and interior designer and flipping is an avenue that we wish to explore as well.